* Market wrap: VN-Index sees negligible change

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Market wrap: VN-Index sees negligible change

The VN-Index saw a negligible change of –0.2% (-0.2 pts) on Wednesday to close the trading day at 1,302.9. Bank stocks weighed on the market while large-cap tech and basic materials stocks helped counteract the pressure. Across the index, there were 198 gainers, 259 laggards, and 70 stocks unchanged. Total trading volume declined from the previous trading day to USD653.7mn.

* Banks CTG (-1.2%), VCB (-0.3%), STB (-1.8%), MBB (-0.9%), SSB (-1.5%), VPB (-0.5%), TCB (-0.4%), and HDB (-0.7%) were eight of the top ten stocks negatively affecting the index. LPB (+0.1%) gained.

* Tech company FPT (+2.0%) surged, and CMG (+0.9%) and SAM (+0.7%) posted strong gains.  

* In the basic materials sector, rubber producer GVR (+1.6%) and steelmakers HPG (+0.9%), HSG (+0.9%), and NKG (+1.8%) performed well.  

* Some of the notable laggards from other sectors included utility company GAS (-0.4%), oil & gas company BSR (-0.9%), real estate companies VRE (-0.6%) and KDH (-0.5%), and airline HVN (-0.5%).

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